by permission from National Review, Inc.,
215 Lexington Avenue
since the 1960s, there have been mutual funds catering
to investors who want to put their money to work in socially
responsible ways. As you'd expect, "socially responsible"
is usually a synonym for "left-wing...." If such funds
don't appeal to you,...you now
have another choice. A new social fund that can accurately
be termed conservative has just completed its first full
Timothy Plan won't invest in "companies that are contributing
to our society's moral decline." Specifically forbidden
are the stocks of firms that "promote pornography" (broadly
defined to include sexy, foul-mouthed, and violent movies
and TV shows and the companies that advertise heavily
on them), abortion (barred are drug makers, hospital chains,
and insurers that facilitate the practice, as well as
firms that contribute heavily to Planned Parenthood)....
However, Timothy will invest in defense stocks....
would be nice to be able to say that the Timothy Plan's
doubly conservative stock-picking style works well. So
far, alas, it has not.... Some Wall Street experts, including
those at Lipper, argue that investing is tough enough
without eliminating whole groups of stocks. If you buy
that line, then a smart approach is to go ahead and invest
in Disney and Bally and accumulate all the profits you
can so that you can give to charity--or the fight against
abortion and pornography, if that's your goal....
if you have the time and the inclination, putting together
your own portfolio along similar lines might be a good
idea. Here are five stocks to consider: Corrections Corp.
Reader's Digest..., McDonnell Douglas..., Uranium Resources...,
and Philip Morris.... Conservatives, in short, should
have no trouble finding stocks that provide a shiver of
political pleasure--along with the more conventional joys
of capital gains and dividends.
- anonymous author
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